Developing Countries Will Lead Global Rice Import Growth in 2013-22, Says USDA Rice growers positive California MG prices are UP Russia MG Harvest coming to end Egypt open rice exports Vietnam’s rice export in tough competition with India Thai rice exports in May Rise Above Target This Year Viet-Nam Rice exports likely to fall this year
Australia Medium Grain Rice #1 $ N/A    Egypt 101 #2 $760    Egypt 178 #2 Rice $730    EU Prices Baldo €660    EU Prices LG-A Ariete 5% €550    EU Prices MG Lotto 5% €500    EU Prices RG Balilla 5% €500    Russia Rapan $ 700    USA Jupiter Paddy $375    USA Calrose #1 Paddy $480    USA Jupiter Rice $630    USA Calrose #1 $830   

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Economy
Economy - overview: Georgia's economy has traditionally revolved around Black Sea tourism; cultivation of citrus fruits, tea, and grapes; mining of manganese and copper; and output of a small industrial sector producing wine, metals, machinery, chemicals, and textiles. The country imports the bulk of its energy needs, including natural gas and oil products. Its only sizable internal energy resource is hydropower. Despite the severe damage the economy has suffered due to civil strife, Georgia, with the help of the IMF and World Bank, has made substantial economic gains since 1995, increasing GDP growth and slashing inflation. The Georgian economy continues to experience large budget deficits due to a failure to collect tax revenues. Georgia also still suffers from energy shortages; it privatized the distribution network in 1998, and deliveries are steadily improving. The country is pinning its hopes for long-term recovery on the development of an international transportation corridor through the key Black Sea ports of P'ot'i and Bat'umi. The growing trade deficit, continuing problems with tax evasion and corruption, and political uncertainties cloud the short-term economic picture.
GDP: purchasing power parity - $22.8 billion (2000 est.)
GDP - real growth rate: 1.9% (2000 est.)
GDP - per capita: purchasing power parity - $4,600 (2000 est.)
GDP - composition by sector: agriculture: 32%
industry: 23%
services: 45% (1999 est.)
Population below poverty line: 60% (1999 est.)
Household income or consumption by percentage share: lowest 10%: NA%
highest 10%: NA%
Inflation rate (consumer prices): 4.1% (2000 est.)
Labor force: 3.08 million (1997)
Labor force - by occupation: industry 20%, agriculture 40%, services 40% (1999 est.)
Unemployment rate: 14.9% (1999 est.)
Budget: revenues: $437 million
expenditures: $626 million, including capital expenditures of $60 million (1999)
Industries: steel, aircraft, machine tools, electric locomotives, trucks, tractors, textiles, shoes, chemicals, wood products, wine
Industrial production growth rate: -0.3% (1998 est.)
Electricity - production: 7.975 billion kWh (1999)
Electricity - production by source: fossil fuel: 20.38%
hydro: 79.62%
nuclear: 0%
other:0% (1999)
Electricity - consumption: 7.117 billion kWh (1999)
Electricity - exports: 850 million kWh (1999)
Electricity - imports: 550 million kWh (1999)
Agriculture - products: citrus, grapes, tea, vegetables, potatoes; livestock
Exports: $372 million (2000 est.)
Exports - commodities: citrus fruits, tea, wine, other agricultural products; diverse types of machinery and metals; chemicals; fuel reexports; textiles
Exports - partners: Russia 19%, Turkey 16%, Azerbaijan 8%, Armenia 6% (1999)
Imports: $898 million (2000 est.)
Imports - commodities: fuel, grain and other foods, machinery and parts, transport equipment
Imports - partners: EU 22%, Russia 19%, Turkey 12%, US 12% (1999)
Debt - external: $1.9 billion (2000)
Economic aid - recipient: $212.7 million (1995)
Currency: lari (GEL)
Currency code: GEL
Exchange rates: lari per US dollar - 1.9798 (December 2000), 1.9762 (2000), 2.0245 (1999), 1.3898 (1998), 1.2975 (1997), 1.2628 (1996)
Fiscal year: calendar year
International organization participation:
BSEC, CCC, CE, CIS, EAPC, EBRD, ECE, FAO, IAEA, IBRD, ICAO, ICFTU, IDA, IFAD, IFC, IFRCS, ILO, IMF, IMO, Inmarsat, Interpol, IOC, IOM (observer), ITU, OPCW, OSCE, PFP, UN, UNCTAD, UNESCO, UNIDO, UPU, WHO, WIPO, WMO, WToO, WTrO
Transportation
Railways: total: 1,583 km in common carrier service; does not include industrial lines
broad gauge: 1,583 km 1.520-m gauge (1993)
Highways: total: 33,900 km
paved: 29,500 km (these roads are said to be hard-surfaced, and include, in addition to conventionally paved roads, some that are surfaced with gravel or other coarse aggregate, making them trafficable in all weather)
unpaved: 4,400 km (these roads are made of unstabilized earth and are difficult to negotiate in wet weather) (1990)
Waterways: none
Pipelines: crude oil 370 km; refined products 300 km; natural gas 440 km (1992)
Ports and harbors: Bat'umi, P'ot'i, Sokhumi
Merchant marine: total: 37 ships (1,000 GRT or over) totaling 131,316 GRT/190,289 DWT
ships by type: bulk 3, cargo 25, chemical tanker 2, container 2, petroleum tanker 4, roll on/roll off 1 (2000 est.)
Airports: 31 (2000 est.)
Airports - with paved runways: total: 16
over 3,047 m: 1
2,438 to 3,047 m: 8
1,524 to 2,437 m: 2
914 to 1,523 m: 2
under 914 m: 3 (2000 est.)
Airports - with unpaved runways: total: 15
2,438 to 3,047 m: 1
1,524 to 2,437 m: 4
914 to 1,523 m: 4
under 914 m: 6 (2000 est.)
Transportation - note: transportation network is in poor condition resulting from ethnic conflict, criminal activities, and fuel shortages; network lacks maintenance and repair
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Region Type Price  
Russia Rapan $ 700
USA Jupiter Rice $630
USA Calrose #1 $830
USA Calrose #1 Paddy $480
EU Prices Baldo €660
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